Through this acquisition, CarCharging will gain destination locations of
EV charging stations throughout Central New
York, including Syracuse, Rome, and the surrounding areas. Deployed in
partnership with the New York State Energy
Research and Development Authority ("NYSERDA"), the CNY Network was the
first area wide transportation plan in the United
States to be based on the concept of providing charging services
"where the car wants to go, not where it lives."

These destination locations are comprised of: New York shopping malls, including DestinyUSA,
one of the largest shopping mall operators in the Northeast; higher
education institutions such as SUNY-ESF and Syracuse
University; entertainment venues such as the JFK Arena in Rome, NY and the Oncenter Convention Center in
Syracuse, NY; and 39 downtown commuter
parking locations in Syracuse, NY.
Additionally, CarCharging will administer the pending NYSERDA grant awarded
to EVPass, which includes installing EV charging stations throughout
Upstate New York.

"Bottom line, EV sales are growing. EV sales in January 2013 were more than 300% greater than January 2012, and EV sales in February 2013 were nearly 330% greater than
February 2012. To support the increasing EV market, it is our intent to
expand our EV charging infrastructure through organic growth and
acquisitions of other EV service providers," said Michael D. Farkas, CEO of CarCharging. "With our
recent acquisition of Beam Charging and the pending acquisition of the CNY
Network, CarCharging will expand its footprint throughout New York State and gain additional strategic
property partners."

Pending regulatory approval and the closing of the acquisition, Eckardt C. Beck, the Executive Director of Synapse
Sustainability Trust, will join CarCharging's Board of Directors. After
developing the first ever Clean Air Act State Air Implementation Plan (SIP)
in Connecticut, Mr. Beck served two US
Presidents, and managed the national water and waste programs for the
Environmental Protection Agency (EPA). He earned the Presidential
Distinguished Executive Award for chairing the development of the National
Toxic Strategy for the EPA, an environmental policy roadmap that has been
followed for the past 40 years. Mr. Beck then moved to the private sector,
where he built the largest analytic testing and data processing laboratory
in the USA. He also led the leveraged
buyout of an environmental company listed on the New York Stock Exchange,
and subsequently became the owner/operator of, among other things, the
world's largest sewage treatment company. Following successful exits from
those businesses, Mr. Beck founded Synapse Partners, LLC, the largest
aggregator of environmental insurance in the USA. He also founded Synapse Sustainability
Trust, Inc., which incubated the development of the trailblazing models of
regional EV transportation, EVPass and the CNY Network.

"I look forward to helping CarCharging to carry out its mission to
enable EV owners to charge their cars anytime, anywhere and to sharply
reduce the amount of CO2 put into the earth's atmosphere," said Eckardt C. Beck.

Both CarCharging and EVPass utilize EV charging stations manufactured by
ChargePoint, which provide 240 volts with 32 amps of power to quickly
recharge an EV's battery. EV drivers can easily request CarCharging's
evCharge card online to initiate use and payment at any intelligent
CarCharging station. The CarCharging card also allows drivers to use
charging locations on the ChargePoint Network, the largest national online
network connecting EV drivers to EV charging stations.

Users can pinpoint EV charging station locations using the CarCharging
map at Car Charging . The ChargePoint mobile application
for iPhone, Android, and Blackberry phones also provides real-time charging
station location information with turn-by-turn directions.

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